Investment Summary

TT Capital Partners and Leonard Green & Partners Invest In Propio

On June 15, 2021, growth capital firm TT Capital Partners and private equity firm Leonard Green & Partners invested in business services company Propio

Investment Highlights
  • This is TT Capital Partners’ 2nd and Leonard Green & Partners’ 8th transaction in the Business Services sector.
  • This is TT Capital Partners’ 10th and Leonard Green & Partners’ 84th transaction in the United States.
  • This is TT Capital Partners’ 1st and Leonard Green & Partners’ 2nd transaction in Kansas.

Investment Summary

Date 2021-06-15
Target Propio
Sector Business Services
Investor(s) TT Capital Partners
Leonard Green & Partners
Deal Type Growth Capital
Advisor(s) Spencer Fane (Legal)

Target

Propio

Overland Park, Kansas, United States
Propio is a provider of phone, video, and in-person interpretation, as well as document translation services. Propio offers superior interpreter quality to its clients and uses technology-oriented solutions to drive the highest value in the industry. Propio was founded in 1998 and is based in Overland Park, Kansas.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 2

DESCRIPTION

TT Capital Partners is the investment arm of financial advisory firm TripleTree. TT Capital Partners invests in emerging healthcare technology and services companies with the potential to be market leaders across disruptive themes in healthcare. TT Capital Partners is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 11 of 15
Sector (Business Services) 2 of 2
Type (Growth Capital) 7 of 9
State (Kansas) 1 of 1
Country (United States) 10 of 14
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Icario

Minneapolis, Minnesota, United States

Icario is a health action company focused on connecting people to health. Icario uses pioneering behavioral research, data science, and our adaptive multi-channel platform to deliver personalization at scale for the most trusted healthcare organizations in all 50 states, including seven of the 10 largest health plans. Icario was founded in 2006 and is based in Minneapolis, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-08 InHome Therapy

King of Prussia, Pennsylvania, United States

InHome Therapy is an in-home orthopedic rehab provider to HHAs as a partial or fully outsourced therapy solution. InHome Therapy was founded in 2021 and is based in King of Prussia, Pennsylvania.

Buy -
Investor

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.


DEAL STATS #
Overall 89 of 102
Sector (Business Services) 8 of 9
Type (Growth Capital) 5 of 5
State (Kansas) 2 of 2
Country (United States) 84 of 94
Year (2021) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-14 Ellucian

Reston, Virginia, United States

Ellucian is a higher education technology solutions provider. Ellucian’s products help colleges and universities manage their core administrative functions including enrollment, budget and financial planning, student information, human resources, strategic planning, and fundraising. Ellucian was founded in 1968 and is based in Reston, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Pye-Barker Fire & Safety

Alpharetta, Georgia, United States

Pye-Barker Fire & Safety is a provider of route-based fire protection services, including monitoring, inspection, maintenance and repair of fire detection and suppression products. Pye-Barker Fire & Safety was formed in1946 and is based in Alpharetta, Georgia.

Sell -